Which of the following is true of an LLC (limited liability company) ?
A) An LLC is a creature of federal law.
B) An LLC is regarded a separate legal entity.
C) An LLC cannot hold title to property.
D) The owners of an LLC are called general partners or specific partners.
Correct Answer:
Verified
Q10: A limited liability company is taxed at
Q11: The Uniform Limited Liability Company Act (ULLCA)
Q12: _ refer to the formal documents that
Q13: The Uniform Limited Liability Company Act is
Q14: Limited liability companies are treated as artificial
Q16: Explain the process that exempts members of
Q17: A limited liability partnership has no general
Q18: Which of the following is true of
Q19: An LLC is a _ in the
Q20: A limited liability company is an incorporated
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